http://www.norwich.vitalfootball.co.uk/sitepage.asp?a=283722 I think he understates Norwich's revenue though- he says £41m, but my estimate was that due to our league position we're more likely to be taking in around £47m. He presumably has a good source though.
brilliant article which highlights exactly how far we've come and why we cannot suddenly start giving manager and players large increases in funds/wages. if fans still don't understand this concept then this article lays down effectively the current situation at the club it also highlights just what a mess others have gotten themselves into, including aston villa. we are lucky that our board are being strong and not yielding to demand.
Good article We certainly are in a much better state than 3 years ago and appear to now be very well run which can only be a good thing for the future of the club. However it does seem sad in a way that well run clubs are almost put at a disadvantage (certainly at the top level) as many clubs are not careful or have no need to be with their finances. This means we can't compete in terms of transfer fees and wages (sad that paying 15k a week is deemed a low wage) which must put well run teams at a disadvantage in terms of attracting players and managers. This will not change in the near future sadly, but I am delighted we are been so well run to preserve the future of the club.
great article , and makes you realise that we have a massive year coming up both on and off the pitch. i haven't seen our accounts as i'm not a shareholder, and didn't realise we have to pay back £10m in debt in the forthcoming season - obviously it depends if we stay up or not, but you can't forecast that, so they are budgeting to pay it. It's a massive price to pay for some of the mistakes of the past.
the advantage of running our club this way, apart from the obvious like not going bust, is that we are going to buy young players who can be sold on for more money. likewise, if we produce good youngsters they can move up the ladder for large fees. its not what every fan wants to hear, that we could become a selling club again, but frankly, that is the only way to survive for a smaller club. once the ground is bigger it will help with income but as you can see from the figures, the wage structure will remain, shall we say, relatively tight. when the **** hits the fan, which inevitably it will one day, and clubs go into meltdown, we'll suddenly be propelled higher. all about patience and understanding. no chasing the dream at norwich city - chasing the dream can only work for so long, then it crashes big style. we are still being ambitious and thats good to see
See, what I don't understand is why we need to clear the debt by the end of next season. Why can't it be renegotiated, especially if we've made a sizeable dent in it over the last two years? When you look at what some clubs owe - even some of those without rich benefactors, it makes our outstanding sum look like peanuts by comparison. What worries me is that if we can't match other clubs wages - and if/when Lambert leaves, we'll have precious little to use as bargaining tools to attract genuine decent new talent to the club. And - short or long term, that suggests a Colu_mike style nosedive (Sorry for the drama queen sounding post )
So what was all this about our transfer budget being increased by £10mil for the coming season? It was only at the meeting 3 weeks ago or whenever that they were saying this, plus the external debt was to be paid by next summer. Everything was geared up for investment for football. Now, weve lost our manager,maybe a couple of key players and weve supposedly got barely any money to spend this summer!
Agreed on both these points. I was very much under the impression that virtually ALL business who loan from banks negotiated different or better deals from time to time and a little puzzled as to why, as you say "our peanuts", cannot be renegotiated. Maybe a hard season is what we are going to get (maybe not) but if we do survive this coming season then we can be a little more confident about the future
Sadly football is now a business, whether people like it or not. While some can take these big risks and incur large debts our club can not, so running it in this way is best for the clubs future even if it means a lower chance of immediate success
well i'd rather the debt was gone to be honest. we know the player budget is similar to last season. we spent almost £15m in total so it'll be about the same, including january. it's hardly peanuts but the debt is the most important thing at the moment and i'm happy for the club to deal with it in the way they are
Agreed, pain in the short term will be worth it, if in the future we can spend all our profit on playing budget!
No I think that's the point the article is trying to make- while it was £15m last year, we didn't have the £10m lump sum payment needed at the end. This year we will (victims of our own success seems to be the story of the day...) and so actually the budget will be closer to £5m...
could be right rob. either way, i don't care, as long as the people at the football club are doing what's best for the football club i'm happy. if the manager or the players don't like that then i don't really want them here to be honest. its not their club, its mine and all of yours.
